Conagra Brands Shares Inch Up 0.44% Despite Dour Market Day
June 24, 2023
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Wednesday was a dour market day, yet Conagra Brands ($NYSE:CAG) Inc. still managed to eke out modest gains. Shares of the packaged food manufacturer rose by 0.44% to $34.39, bucking the downward trend of the stock market. Conagra Brands Inc. is a leading North American packaged foods company with a portfolio of iconic brands, such as Hunt’s, Healthy Choice, Marie Callender’s, Slim Jim, and Reddi-wip. The company is focused on creating food products that offer convenience and flavor while maintaining an uncompromising commitment to quality and value.
Conagra has also recently made moves into the health-conscious consumer market with its acquisition of organic and natural food groups such as Angie’s Boomchickapop and Frontera Foods. Despite the challenging market conditions, Conagra Brands Inc. is still managing to make strides in its growth strategy, evidenced by its share price increase.
Analysis
GoodWhale recently conducted an analysis of CONAGRA BRANDS‘ wellbeing. According to the Star Chart, CONAGRA BRANDS has a health score of 7/10 due to its good cashflow and debt management, showing that the company is capable of safely riding out any crisis without the risk of bankruptcy. We classify CONAGRA BRANDS as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Given this, CONAGRA BRANDS may be an attractive investment for investors looking for dividend yield and stability. This is because CONAGRA BRANDS is strong in dividend, medium in profitability and weak in asset growth. Furthermore, with its good cashflow and debt management, CONAGRA BRANDS is a relatively safe choice for investors seeking a steady return. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Conagra Brands. More…
| Total Revenues | Net Income | Net Margin |
| 12.21k | 805 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Conagra Brands. More…
| Operations | Investing | Financing |
| 1.13k | -352.2 | -785.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Conagra Brands. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.45k | 13.52k | 18.18 |
Key Ratios Snapshot
Some of the financial key ratios for Conagra Brands are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | -3.5% | 10.4% |
| FCF Margin | ROE | ROA |
| 6.2% | 9.2% | 3.5% |
Peers
The company’s products are sold in more than 100 countries and are marketed under well-known brands such as Healthy Choice, Hunt’s, Slim Jim, Snack Pack, and Vlasic. Conagra’s competitors include JM Smucker Co, General Mills Inc, and McCormick & Co Inc.
– JM Smucker Co ($NYSE:SJM)
The J. M. Smucker Company has a market capitalization of $15.57 billion as of 2022 and a return on equity of 7.19%. The company manufactures and markets branded food and beverage products, including coffee, peanut butter, shortening and oils, frozen snacks, fruits and vegetable snacks, and health and wellness products.
– General Mills Inc ($NYSE:GIS)
General Mills Inc is a food company that manufactures and sells branded consumer foods worldwide. The company has a market cap of 48.09B as of 2022 and a Return on Equity of 20.18%. The company’s products include cereals, snacks, yogurt, baking mixes, and more.
– McCormick & Co Inc ($NYSE:MKC)
McCormick & Co Inc is a food company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products. The company has a market cap of 22.46B as of 2022 and a return on equity of 13.21%. The company’s products are sold in over 180 countries and territories.
Summary
Conagra Brands Inc. saw a minor increase in stock prices on Wednesday, with shares closing at $34.39.
However, the overall stock market performed poorly on the same day. Investors should consider the current economic climate when analyzing Conagra’s shares, as well as any news or developments that could potentially affect the company’s stock.
Additionally, it can be beneficial to look at the performance of peers in the same industry to gain further insight and perspective on Conagra’s performance. Researching current trends and keeping up-to-date with news related to Conagra is also recommended when making investing decisions.
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